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NY S00373
Bill
Status
Engrossed
2/25/2025
Primary Sponsor
Michael Gianaris
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AI Summary
- Prohibits the state, municipalities, public authorities, and their negotiating agents from including confidentiality or non-disclosure provisions in economic development contracts
- Applies to agreements involving tax incentives, payments in lieu of taxes (PILOTs), tax abatements, bonds, notes, loans, grants, and rebates
- Bars any contract language that would prevent parties from disclosing, discussing, describing, or commenting on agreement terms
- Amends four separate laws to ensure comprehensive coverage: the Urban Development Corporation Act, State Finance Law, General Municipal Law, and Economic Development Law
- Takes effect immediately upon passage
Legislative Description
Prohibits confidentiality and non-disclosure provisions from inclusion in contracts pertaining to economic development, entered into by the state or a municipality or any party negotiating on behalf of such governmental entity.
Last Action
referred to governmental operations
2/5/2026
Committee Referrals
Governmental Operations2/5/2026
Corporations, Authorities and Commissions1/7/2026
Governmental Operations2/25/2025
Corporations, Authorities and Commissions1/8/2025
Full Bill Text
No bill text available